Ukraine’s exports of agricultural products increased by more than a quarter to 48.9 million tons in January-September 2024 compared to the same period last year, according to the State Customs Service of Ukraine (SCSU).
“During the first nine months of 2024, Ukraine’s agricultural exports increased by more than a quarter, namely by 9.9 million tons. Their value increased by USD 1.4 billion. In total, in 3 quarters of 2024, Ukraine exported 48.9 million tons of agricultural products worth USD 10.5 billion,” the State Customs Service said in a telegram on Wednesday.
It is noted that the main reason for this growth was the resumption of maritime traffic. Due to this, 89% of the total exports of agricultural products were carried out by sea. On land, exporters prefer rail transport, with only 2% being transported by road.
Grain crops remain the key group of exported agricultural products – 42.3 million tons worth $7.1 billion were exported in 9 months. Another significant component of agricultural exports is seeds and oilseeds – 5 million tons worth $2.2 billion.
“The situation with imports is somewhat different. In particular, 80% of all imported agricultural products came to Ukraine by road, about 18% by sea and almost 2% by rail. This is mainly due to imports from European countries, unlike exports, where goods are delivered all over the world,” the State Customs Service said in a statement.
It is reported that in total, Ukraine imported 978.8 thousand tons of agricultural products worth $1.7 billion. Almost half of all imports are edible fruits and nuts – 468 thousand tons, worth $ 563.8 million. In addition, vegetables are significant in terms of the number of imported agricultural products – 194.2 thousand tons ($246.6 million), and oilseeds are worth $346.5 million (50.2 thousand tons).
“Ukraine’s agricultural sector continues to demonstrate steady growth, ensuring stable supply of products to foreign markets and meeting domestic needs through imports. The Solidarity Roads initiative has played an important role in this process, expanding opportunities for agricultural producers by developing alternative logistics routes,” the State Customs Service said.
In January-September 2024, Ukraine exported $1.98 billion worth of agricultural products to Turkey and would like to deepen cooperation in the agro-processing industry, Ukrainian Minister of Agrarian Policy and Food Vitaliy Koval said at a meeting with Turkish Ambassador to Ukraine Mustafa Levent Bilgen in Kyiv on Tuesday.
“Ukraine and Turkey complement each other in the agricultural sector. We need to deepen cooperation between the countries, in particular in the agro-processing industry, and move together to new markets,” the press service of the Ministry of Agrarian Policy and Food quoted him as saying.
The Minister noted that Turkish agro-processing companies can find new high-quality markets for their business in Ukraine. This will be beneficial for both countries. Also, Ukraine and Turkey can cooperate in the export of cattle and small cattle meat. Turkey’s experience in irrigation is important for Ukraine. Especially after the Kakhovka dam was blown up.
Koval thanked Turkey for its involvement in ensuring food security. In particular, for participating in the humanitarian initiative of Ukrainian President Volodymyr Zelenskyy “Grain From Ukraine”, under which Ukrainian grain is supplied to countries on the African continent.
The Minister of Agrarian Policy invited his Turkish counterpart to discuss further cooperation in agriculture.
For his part, Mustafa Levent Bilgen noted that Turkey appreciates cooperation with Ukraine, particularly in the agricultural sector. However, it understands the importance of the Ukrainian economy and ensuring the world’s food supply through grain exports.
The Turkish Ambassador assured of continued support for Ukraine and expressed readiness to deepen cooperation.
In January-September 2024, Guardian Insurance Company (Kyiv) made insurance claims in the amount of UAH 389.61 million, which is 38.37% more than in the same period in 2023, according to the insurer’s website.
It was specified that the growth was due to a 49.2% increase in Green Card payments.
During the reporting period, the company collected UAH 769.5 million in insurance payments, which is 31.3% less than a year earlier. The main reason for this is a reduction in payments and lower sales of the Green Card. Thus, during the reporting period, 120.8 thousand contracts were concluded for this type of insurance, which is 9.2% less compared to the same period in 2023.
According to the report, motor hull insurance premiums for the first nine months increased by 57.3% to UAH 53.1 million, for third-party liability – from UAH 2.9 million to UAH 15.3 million, for voluntary civil liability insurance of land transport owners – from UAH 7.3 million to UAH 9.3 million (+27%).
The company emphasizes that the priority tasks facing its team this year are: strengthening and expanding positions in the regions and, accordingly, staff training, diversification of the product portfolio with a focus on increasing the share of voluntary insurance.
Guardian Insurance Company is a member of the Presidium of the League of Insurance Organizations of Ukraine. Since January 2020, it has acquired the status of a full member of the MTIBU and has the right to sell Green Card policies.
In October 2020, according to the decision of the general meeting of members of the Nuclear Insurance Pool of Ukraine, Guardian Insurance Company became a member of the pool.
Dynamics of import of goods in Jan-June 2024 by the most important items in relation to the same period of 2023, %
Open4Business.com.ua
Deputy Head of the Office of the President Iryna Vereshchuk and the new head of the European Commission’s Directorate-General for Humanitarian Aid and Civil Protection in Ukraine (ECHO), Marianne Franco, discussed the situation in the frontline and de-occupied communities, as well as the possibilities of meeting the humanitarian needs of people living there.
According to the website of the President of Ukraine, a meeting with the new head of the ECHO Office in Ukraine was held at the Office of the President of Ukraine on Tuesday. The main topic of the meeting was the priorities of humanitarian response in winter.
In particular, Vereshchuk and Franco discussed the situation in the frontline and de-occupied communities and the basic humanitarian needs of the people living there. Vereshchuk also thanked the European Commission for its assistance. Representatives of the European Union assured that they would continue to support Ukraine.
The EEAS has been working in Ukraine since February 2014 and plays an important role in coordinating humanitarian issues. Since the beginning of the full-scale Russian invasion, EU countries have provided assistance worth almost 108 billion euros. Humanitarian support funded by the EU is channelled through UN agencies, NGOs and the International Committee of the Red Cross.
The State Mortgage Institution (SMI) on October 22 announced a tender for insurance of real estate for residential purposes (apartments), transferred to financial leasing (2047 units), reported in the e-procurement system Prozorro.
The expected cost of purchase of services is UAH 1 million. Tender security is UAH 30 thousand. Tender offers are accepted until October 31. As reported, the winner of a similar tender a year earlier was IC “Ultra Alliance”, before that – IC “Universalna”.
